The global sacral nerve stimulation device market size was significantly robust in 2022 and is expected to register a rapid revenue CAGR over the forecast period. Sacral nerve stimulation device market revenue growth is primarily driven by the rising demand for sacral nerve stimulation devices globally.
Sacral nerve stimulation is a device to be placed under the skin in the buttock area. Sacral stimulation devices work in two stages in the initial stage the device is positioned percutaneous leading to electrical stimulation and in the second stage, it’s successfully placed in the buttock area. A sacral nerve stimulation device permits electrical stimulation in the sacral nerves in the bladder area.
Some of the factors supporting market growth
Increasing prevalence of various fecal and urinary dysfunction which increases the demand for sacral nerve stimulation devices is one of the major factors driving revenue growth of the sacral nerve stimulation device market.
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Rise in urinary tract infections, fecal incontinence, and overactive bladder increases the demand for sacral nerve stimulation devices and thus contributes to the market revenue growth of sacral nerve stimulation.
Increased awareness about the use of devices among doctors and technological advancement in the sacral nerve stimulation device with increased application of the device for therapeutic purposes supports the market revenue growth of sacral nerve stimulation devices.
High cost associated with the sacral nerve stimulation device and lack of skilled professionals are the major factor restraining revenue growth of the sacral nerve stimulation device market.
Technological advancements in the sacral nerve stimulation device and major key players in the sacral nerve stimulation device market focusing on cost reduction of sacral nerve stimulation devices resulting in reduction of the overall cost required for sacral nerve stimulation device application, improved healthcare facilities, and increase in government investment in healthcare domain will witness lucrative growth opportunities in the forecast period.
Geographic Market Scenario
Largest Market Share:
Among the regional markets for sacral nerve stimulation devices, North America emerged to be the largest with the highest revenue share. Revenue growth in North America is attributed to rising healthcare expenditure, increasing awareness, and rising incidence of urinary and bowel diseases in the region.
Fastest Growing Market:
Asia Pacific sacral nerve stimulation device market is expected to register the fastest revenue growth rate over the forecast period. The rising number of patients with urinary and bowel diseases, and government initiatives to promote awareness are some of the factors responsible for the market growth in the region. Also, the presence of large population is one of the key factors expected to positively impact the sacral nerve stimulation device market revenue growth in the coming years.
Key market trends and innovation
- Axonics Modulation Technologies Inc. on 19 April 2022 announced the launch of F15 recharge-free sacral nerve stimulation device for patients with bladder dysfunctions.
- Medtronic on 22 February 2022 received approval for the InterStim X system a highly advanced sacral stimulation device for bladder and bowel dysfunction.
Organic and Inorganic strategies adopted
- Axonics Modulation Technologies Inc. in March 2021 entered a strategic alliance for the manufacturing of a non-rechargeable implantable sacral stimulation device with Micro Systems Technologies (MST).
- Axonics Modulation Technologies Inc. in February 2021 acquired Contra Ltd. a privately held company manufacturing Bulkamid indicated for stress urinary incontinence in women.
Major Companies in the Market
- Boston Scientific Corporation
- Codman Square Health Center
- Forbes Media LLC
- InCube Labs
- NeuroPace Inc.
- Synapse Biomedical Inc.
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This report offers historical data points, forecast, and revenue growth at a global regional & country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023-2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and revenue share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis.
Type Outlook (Revenue, USD Billion; 2023-2032)
- Electrical muscle stimulation
- Transcutaneous electrical nerve stimulation
Product Outlook (Revenue, USD Billion; 2023-2032)
- Implantable sacral nerve stimulation device
- External sacral nerve stimulation device
Application Outlook (Revenue, USD Billion; 2023-2032)
- Urinary & fecal incontinence
- Urge incontinence
- Chronic anal fissure
Age Outlook (Revenue, USD Billion; 2023-2032)
Gender Outlook (Revenue, USD Billion; 2023-2032)
End-User Outlook (Revenue, USD Billion; 2023-2032)
- Ambulatory Surgical Centers (ASC)
- Specialty clinics
Distribution Channel Outlook (Revenue, USD Billion; 2023-2032)
Regional Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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